tax
2007 tax forms you need
 | | Which business forms to use | | | | | | | Sole proprietor | Income tax | 1040 and Schedule C or C-EZ (file a separate schedule for each business) | | Self-employment tax | 1040 and Schedule SE | | Estimated tax | 1040-ES, 2007 payment #4 due Jan. 15, 2008
1040-ES, 2008 payment #1 due April 15, 2008; IRS should update this link to 2008 form following final 2007 January due date | Employment taxes:
Social Security and Medicare taxes and income tax withholding
Federal unemployment tax (FUTA)
Depositing employment taxes | 941 (except for farm employees use 943)
940 ( Form 940-EZ has been replaced by the revised Form 940)
8109 B* (do not deposit electronically) | | Excise taxes | See Publication 510 | | Nonpayroll federal income tax and withholding (backup withholding, withholding on pensions, annuities and gambling winnings) | 945 | | Reporting wage compensation or non-wage compensation | W-2, 2007 version or 2008 version (draft) | | Independent contractor | Estimated tax | 1040-ES, 2007 payment #4 due Jan. 15, 2008
1040-ES, 2008 payment #1 due April 15, 2007; IRS should update this link to 2008 form following final 2007 January due date | | Self-employment tax | Schedule SE | | Partnership | Annual return of income | 1065 | | Employment taxes | Same as sole proprietor | | Excise taxes | See Publication 510 | | Nonpayroll federal income tax and withholding | Same as sole proprietor | | Reporting wage compensation or non-wage compensation | W-2, 2007 version or 2008 version (draft)
or 1099-MISC | | Corporation or S corporation | Income tax | 1120 or 1120-A (corporation) 1120S (S corporation) | | Estimated tax | 1120-W (corporation only) and 8109 B* | | Employment taxes | same as sole proprietor | | Nonpayroll federal income tax and withholding | same as sole proprietor | | Reporting wage compensation or non-wage compensation | W-2, 2007 version or 2008 version (draft)
or 1099-MISC | | S corporation shareholder | Income tax | 1040 and Schedule E, Schedule K-1, and/or various other schedules | | Estimated tax | 1040-ES, 2007 payment #4 due Jan. 15, 2008
1040-ES, 2008 payment #1 due April 15, 2008; IRS should update this link to 2008 form following final 2007 January due date |
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*For new employers, the IRS will send you a coupon book of preprinted Forms 8109 after receiving an employer identification number (EIN). If you do not receive a new coupon book before a tax deposit is due, you may use Form 8109-B, an over-the-counter FTD coupon. |
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